UAE to invest $1bn in Pakistani companies: state news agency
DUBAI: The United Arab Emirates intends to invest $1 billion in Pakistani companies across various sectors, state news agency (WAM) reported citing an...
Cash margin requirement of deferred payments slashed
KARACHI: The State Bank of Pakistan (SBP) on Friday reduced cash margin requirements on deferred payments.Â
According to the details, the cash margin...
Cabinet likely to approve weekly change in fuel prices
ISLAMABAD: The federal government is likely to accept another demand of the International Monetary Fund (IMF) to regulate the petrol prices in...
Govt announces withdrawal of fixed tax on small traders’ electric bills
ISLAMABAD: The federal government on Thursday decided to withdraw the fixed tax regime on electricity bills for small traders who can benefit...
Rupee continues sharp recovery against US dollar
Islamabad: Pakistani rupee (PKR) continues to gain value against the US dollar in the interbank market on Thursday, the local unit has...
Govt to do away with fuel-based power generation plants
ISLAMABAD: The government has decided that no power generation plants producing fuel-based electricity would be installed in the country from now onwards.
This...
SBP cracks down on FX companies and Banks, penalties impose
WEDNESDAY: In view of recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by...
PSX witness recovery as KSE-100 index gains over 900 points
Karachi: The benchmark KSE-100 index gained over 900 points during intraday trading on Wednesday as analysts said clarity regarding the International Monetary...
Pakistani rupee makes huge recovery against US dollar
Islamabad: The rupee made huge gains against the US dollar in the interbank market on Wednesday, the rupee appreciated more than Rs9...
Pakistan has met all prior actions for review, says IMF
Islamabad: The International Monetary Fund (IMF) on Tuesday said that Pakistan has fulfilled all previous actions by raising the Petroleum Development Levy...
SECP to introduce digital asset management companies
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Monday introduced the concept of Digital Asset Management Companies (AMCs) to promote...
Highest inflation in 14 years, July figures hit 24.9pc
ISLAMABAD: The Consumer Price Index (CPI) inflation in July 2022 leaped to over a decade high of 24.9 per cent fueled by...
Pakistan fulfills all IMF demands for release of $1.2bn loan tranche
KARACHI: The Ministry of Finance along with the State Bank of Pakistan (SBP) on Sunday released a joint a statement announcing that...
Govt doubles PL on petroleum products to comply with IMF demands
ISLAMABAD: The government has doubled the petroleum levy on petroleum products to comply with the International Monetary Fund's (IMF) demands for the...
Power Division to pay Rs32.8bn to save PSO from defaulting
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Power Division to make immediate payments worth Rs32.8 billion to...